Well said.The lesson here for any newbie or even seasoned investor is that gurus almost always promote "secret" strategies and the like which are not cookie cutter items for all investors in all situations.

Frequently in life we have the butch and sundance situation.Take a leap of faith or die.It sounds like you were there..............Just remeber that all you need is a roof over your head food in your belly and a family you love.What else in life is needed or important.........NOTHINGso if you lose everything it is a lesson life has thrown your way.You just keep getting up dusting yourself off and getting back on the horse until it is broken.Your best bet is to find a mentor.

This was an excellent lesson in the lunacy of smart people and behavioral science!

Has anyone had success doing this and if so can you share lessons learned?

With each confession of neglect from her, she got a brief lesson on what that mistake will cost to fix.

Here is mistake #3 (I think): only owning one property.I have no new lessons YET with the current tenants.My husband is in a skilled trade that his body will allow him to do for a maximum of 10 more years.

So, here is my list:1) Mandarin Chinese Lesson #3 - I use this while I work out.

(currently 6.75 for us). i am just wondering if its better to offer less on the house with a conventional loan for us....

Lesson learned!

Bottom line is these people will not have learned a lesson and will repeat in the future.